Aviva plc announced £750 mil buyback, to return £4 bilLION to shareholders

Aviva plc announced £750 mil buyback, to return £4 bil to shareholders

Intends to return at least £4 billion to investors by the end of the first half of 2022 (subject to regulatory and shareholder approvals, completion of disposals and market conditions), starting with a share buyback of up to £750 million

Company expects additional reduction in debt of c. £1 bil and repayment of £0.7 bil of internal loan

Combined with £2bn repayment of debt in H1 2021, expects to utilise all of the cash proceeds from divestments of £ 7.5 bil